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The increasing use of consumer electronics across the globe, owing to rapid digitalisation, is driving the growth of the semiconductor manufacturing equipment industry. Semiconductors are an integral element of consumer electronics such as smart phones, smart watches, and others. Furthermore, the expanding information and communication technology like 5G is projected to play a vital role in proliferating the market for semiconductor manufacturing equipment. Moreover, the rapid technological advancements and the growing investments in research and development activities by the industry key players are expected to aid the market in the forecast period.
The major market players are making increased investments to expand their production capacities, fuelled by the growing demand for digital solutions. This is predicted to bolster the market growth in the forecast years. In September 2021, LAM Research Corporation (NASDAQ: LRCX) announced its plans to open a second facility in Oregon, which will supply the chip makers with critical tools to build chips and advanced electronic devices. They aim to meet the increasing customer demands with this initiative. In another instance, Applied Materials Inc. (NASDAQ: AMAT) in October 2020, declared their agreement with B.E Semiconductor Industries N.V. to develop a proven equipment solution for die-based hybrid bonding, an emerging chip-to-chip interconnect technology that enables heterogeneous chip and subsystem designs for applications, including high-performance computing, AI and 5G. Such developments are expected to invigorate the semiconductor manufacturing equipment industry in the forecast period.
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The major players in the global semiconductor manufacturing equipment market are Tokyo Electron Limited, LAM Research Corporation, ASML Holdings N.V., Applied Materials Inc., and Screen Holdings Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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